Traders,
Another week begins which gives hope for new opportunities in the forex. The FOMC does meet on Tuesday, but the expectation remains that they will keep rates the SAME?? If they do surprise, then expect a major sentiment shift across the board concerning the dollar. We see the gbp/usd trying to make its way up to the 1.5250 area. It couldn't do it on Friday so maybe this week? Good luck traders and let's make some pips!!
To the Summit,
4xSummit
Sunday, March 14, 2010
Sunday, March 7, 2010
Jobs, Jobs, and less Jobs!
Traders,
The jobs numbers are getting better....at least they appear to be. If you consider better meaning that less are losing their jobs each month! The stimulus funds have not been able to create the jobs the government was hoping for....so now what? Greece is still in limbo, health care is back on the docket and the US keeps spending more and more money. The dollar is losing considerable ground after Friday's NFP report. A correction back north was inevitable, it was just a matter of time. We hope the market chop from last week will diminish and allow some great opportunities for the week ahead.
To the Summit,
4xSummit
The jobs numbers are getting better....at least they appear to be. If you consider better meaning that less are losing their jobs each month! The stimulus funds have not been able to create the jobs the government was hoping for....so now what? Greece is still in limbo, health care is back on the docket and the US keeps spending more and more money. The dollar is losing considerable ground after Friday's NFP report. A correction back north was inevitable, it was just a matter of time. We hope the market chop from last week will diminish and allow some great opportunities for the week ahead.
To the Summit,
4xSummit
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